Results of Equity Issue

RNS Number : 9473Q

Wolseley PLC

22 April 2009

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN OR SOUTH AFRICA

Wolseley plc

Results of Rights Issue - 98% take-up

Wolseley plc today announces that, as at 11.00 a.m. on 21 April 2009, being the latest date of receipt of valid subscriptions, it had received valid acceptances in respect of 191,847,616 New Ordinary Shares, representing approximately 98.31 per cent of the 195,137,478 New Ordinary Shares offered to Shareholders, pursuant to the 11 for 5 Rights Issue announced by the Company on 6 March 2009. 

It is expected that the New Ordinary Shares in uncertificated form will be credited to CREST accounts on 22 April 2009 and that definitive share certificates in respect of New Ordinary Shares in certificated form will be dispatched to Shareholders by no later than 29 April 2009. It is expected that the New Ordinary Shares will commence trading fully paid on London Stock Exchange plc's main market for listed securities on 22 April 2009.

As disclosed in Part IX of the Prospectus dated 9 March 2009, Deutsche Bank AG, London Branch, UBS Limited, and RBS Hoare Govett Limited, as Global Coordinators, (for themselves and on behalf of the other Underwriters) will each endeavour to procure subscribers for the balance of 3,289,862 New Ordinary Shares not validly taken up under the Rights Issue, subject to certain terms and conditions agreed with the Company. A further announcement as to the number of New Ordinary Shares for which subscribers have been procured by the Global Coordinators will be made in due course.

Capitalised terms used, but not defined, in this announcement shall have the same meanings as given to them in the Prospectus relating to the Rights Issue dated 9 March 2009. 

ENQUIRIES:

Analysts/Investors:

Wolseley plc

Derek Harding                                                              [phone]
Director of Group Strategy and Investor Relations     [phone]

Media:

Mark Fearon                                                                [phone]
Director of Corporate Communications

Brunswick                                                                   [phone]
Andrew Fenwick
Kate Miller

Disclaimer

This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or issue, or any solicitation of any offer to sell, otherwise dispose of, issue, purchase, otherwise acquire or subscribe for, any security.

This announcement is an advertisement and does not constitute a prospectus or prospectus equivalent document. Nothing in this announcement should be interpreted as a term or condition of the Share Issue. Any decision to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any Provisional Allotment Letter, Nil Paid Rights, Fully Paid Rights, Placing Shares and/or New Shares must be made only on the basis of the information contained in and incorporated by reference into the Prospectus. Copies of the Prospectus are available at Wolseley plc's registered office.

The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the United States and the District of Columbia). This announcement does not contain or constitute an offer for sale or the solicitation of an offer to purchase securities in the United States. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the 'Securities Act'), and may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered in the United States absent registration or an exemption from, or in transactions not subject to, the registration requirements of the Securities Act. There will be no public offer of the securities referred to herein in the United States.

 

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